Day: July 5, 2013

Jobs report: The Bureau of Labor Statistics reported Friday that, seasonally adjusted, the private sector added 202,000 new jobs in June while government shed 7,000. The official unemployment rate remained steady at 7.6 percent. The private sector has now added more jobs than it has lost for 39 consecutive months. The monthly tally makes no distinction between full-time and part-time jobs, nor does it consider how much those jobs pay or provide in non-wage benefits compared with the ones that have been lost. June is also tough for the BLS to measure accurately because of the large number of youth who enter the job market that month. The 175,000 jobs gain the BLS reported for May was revised to 195,000. Gains in April were revised from 149,000 to 199,000.